UK officially joins CPTPP, British Ambassador thanks Vietnam

London [UK], July 16: Today (July 16) in New Zealand, Ms. Kemi Badenoch, UK Business and Trade Secretary, officially signed an agreement to confirm the accession to the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership).
According to a statement from the British Embassy in Hanoi, the signing event to join the CPTPP was attended by New Zealand Trade Minister Damien O'Connor, Vietnam's Minister of Industry and Trade Nguyen Hong Dien, and Canada's Trade Minister Mary. Ng, Japanese Economic Recovery Minister Goto Shigeyuki and Australian Deputy Trade Minister Tim Ayres.
The signing marks Britain's official accession to the CPTPP , after London completed negotiations earlier this year. Next, the UK government will take the necessary steps to ratify the agreement, including parliamentary oversight, while the other member states of the CPTPP finalize their respective internalization processes .
The signing took place in the context of the UK government publishing a new report that in 2019, one in every 100 British workers worked for businesses owned by the CPTPP bloc, equivalent to more than 400,000. jobs across the UK.
CPTPP membership is expected to boost investment in the UK by CPTPP member states, now worth £182 billion by 2021, by ensuring protections for investors. .
On this important occasion, Minister Badenoch said that the CPTPP will be a great impetus for British businesses and add billions of pounds to trade, while opening up enormous opportunities and unprecedented access. has entered the market of more than 500 million people.
British Ambassador to Vietnam Iain Frew said total trade between the UK and Vietnam had recently reached £6.9 billion - up 29% from last year. "I believe that the UK's accession to the CPTPP will spur even stronger growth in bilateral trade," according to the Ambassador.
Ambassador Frew also affirmed that joining the CPTPP shows the UK's strategic commitment to the Indo-Pacific region . "I would like to thank the Government of Vietnam for its support and cooperation during the accession process. This event is especially meaningful when our two countries are celebrating 50 years of establishing diplomatic relations," said. know.
Source: ThanhNien Newspaper